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Edmonton real estate market - Home Prices Drop in July
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0 |, _6 H- h2 M% M) O3 B0 pInformation was from the follow link: 4 w+ w- u% U4 P& z' J+ L( E! P' L: B$ L
http://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html4 i0 L4 Y: B) l& f- ], z1 V1 g
2 }0 e+ n5 S1 q7 Q6 n. m0 t. nHere is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
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New listings: 456 (492, 455, 529)7 J% E, Y" X }! I, r0 H0 G
# Sales: 198 (276, 228, 218)
" K& ^8 _! b+ H7 C4 f$ oRatio: 43% (56%, 50%, 41%)6 |/ \% g( _& P3 {3 m
# Price changes: 341 (390, 363, 369)
* y* _9 i" P0 k2 u# z# Expired/Off Market Listings: 174 (221, 226, 204)+ I! e, k" ~3 u* W3 m- T# I- J Q
Net loss/gain in listings this week: 84 (-5, 1, 107)* [0 v; C4 p/ |$ _! D' D
Active listings for single family homes: 3454 (3395, 3374, 3329)
& f$ y+ j, E& X- ?0 H+ M' D& e- gActive listings for condos: 2253 (2232, 2209, 2217)0 c: W9 q3 i) B2 d* m; L
; }: z; S/ o; c5 Z+ _% _Inventory, especially of single family homes, is still on the rise. We thought inventory would have peaked by now, and even though the pace has slowed it is still increasing.
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/ w& ?( K# t2 m* z0 `The REALTORS® Association of Edmonton is reporting 1323 sales so far this month, and with only two days left it looks to be another low for monthly sales for at least 6 years. The average residential sale price sits at $329k (down $1k from last week and $6k from last month), single family homes at $370k (down $1k from last week and $17k from last month – probably one of the biggest drops in a single month we’ve seen) and condos at $244k (down $1k from last week and $4k from last month). |
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